Tectonic Gold Plc Queensland Copper Gold Campaign Update

 
TIDMTTAU 
 
10 June 2022 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                    QUEENSLAND COPPER GOLD CAMPAIGN UPDATE 
 
Tectonic Gold plc (TDIM: TTAU) the Intrusive Related Gold System ("IRGS") 
explorer, is pleased to announce remobilisation of the exploration team to the 
Specimen Hill project to prepare for drilling. 
 
Mt Fane historic copper mine added to portfolio under license area EPM28296. 
 
Highlights: 
 
 1. Technical team on the ground after long rainy season in Queensland 
 2. Tracks expected to be dry enough for rig deployment in the next few weeks 
 3. Diamond drilling at Goldsmith's Reef to be completed 
 4. Mt Fane added to the portfolio following interest from potential JV partner 
 
Further updates to come. 
 
Queensland copper/gold campaign update. 
 
With the rain finally breaking, Tectonic's exploration team has been able to 
access the Specimen Hill project site this week. The trip is to familiarise our 
new lead exploration geologist with the area and complete environmental checks 
and pre-mobilisation for drilling. 
 
Despite widespread flooding in South-eastern Queensland over the last six 
months, the roads and tracks to Goldsmith's Reef appear in good order. Track 
clearance is required with fallen trees, however, subject to continued dry 
weather the contractors expect the tracks to firm up enough to allow heavy rig 
access in the next few weeks. 
 
The priority is to complete the diamond coring program at Goldsmith's Reef 
which was disrupted in January. Goldsmith's Reef is a high-grade historic mine 
which was last in production pre-1920. Ores were selectively mined to a depth 
of only thirty meters. Tectonic's advanced geophysics program has remotely 
mapped these structures from surface to well below one hundred meters. Drilling 
will return core samples from one hundred meters and below to test and confirm 
continuity of gold mineralisation. This will inform JORC resource modelling. 
 
Tectonic hosted a number of potential JV investors at site in 2021 to conduct 
due diligence for investment. One of these groups identified the Mt Fane 
historic copper workings along strike from Southern Copper as a high interest 
target and requested that we added this to the portfolio. The 4km+ long 
mineralised corridor at Specimen Hill presents with high grade gold closer to 
the intrusive heat source we have identified below Main Lodes, with copper 
becoming more dominant as we move past Goldsmith's Reef and on to Southern 
Copper and Mt Fane. Our expectation is that Mt Fane could provide a high-grade 
copper addition to the copper/gold discoveries throughout this corridor. With 
copper forecast to have a major supply deficit in the global energy transition, 
Mt Fane is a timely addition to the Specimen Hill portfolio. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"We are very happy to be back on the ground after such a long forced break. 
Fingers crossed we have no more rain and we can get the heavy equipment back 
onto the Goldsmith's Reef target in the weeks ahead. If we can get sufficient 
information from this campaign we will be looking to put maiden resource 
numbers together, but the primary aim is to complete the due diligence package 
for prospective joint venture investors." 
 
Investors can sign up to Tectonic's mailing list at the following link: 
 
http://www.tectonicgold.com/contact 
 
Follow us on Twitter: @Tectonic_Gold 
 
For further information, please contact: 
 
Tectonic Gold plc                                             +61 2 9241 7665 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com 
investors@tectonicgold.com 
 
Aquis Stock Exchange Corporate Adviser and Broker 
VSA Capital Limited                                          +44 20 3005 5004 
Andrew Raca - Corporate Finance 
Pascal Wiese - Corporate Finance 
Andrew Monk - Corporate Broking 
 
 
 
END

(END) Dow Jones Newswires

June 10, 2022 02:00 ET (06:00 GMT)

Tectonic Gold (AQSE:TTAU)
過去株価チャート
から 5 2024 まで 6 2024